2024-10-31T08:01:12-05:00 2023-12-31 221478099 COHNREZNICK LLP 14 SYLVAN WAY PARSIPPANY NJ 070543801 990 2023-01-01 274688153 PRESERVING CITY NEIGHBORHOODS HOUSING DEVELOPMENT FUND CORP PRES 2125848981 150 BROADWAY 2101 NEW YORK NY 10038 MR SALVATORE D' AVOLA ASSISTANT SECRETARY 2125848981 2024-10-30 1 1 LAURA KIELCZEWSKI P00740769 9732283500 2024-10-29 2023 2024-10-15 13:58:12Z MR SALVATORE D' AVOLA 150 BROADWAY 2101 NEW YORK NY 10038 828617 0 X WWW.NEIGHBORHOODRESTORE.ORG X 2011 NY THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF PERSERVING AND CREATING, ON A NON-PROFIT BASIS, HOUSING PROJECTS FOR PERSONS OF LOW AND MODERATE INCOME. IN ADDITION TO PROMOTING AFFORDABLE HOUSING OPPORTUNITIES, IT SEEKS TO PREVENT AND ELIMINATE BLIGHT AND FOSTER THE STABLIZATION OF COMMUNITIES THROUGHOUT NEW YORK CLLY. 5 5 0 7 0 0 501162 201853 924828 3000 344872 623764 0 0 1770862 828617 0 0 0 0 0 0 0 0 0 1043648 694770 1043648 694770 727214 133847 26998817 27116782 74380 58498 26924437 27058284 X THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF PERSERVING AND CREATING, ON A NON-PROFIT BASIS, HOUSING PROJECTS FOR PERSONS OF LOW AND MODERATE INCOME. IN ADDITION TO PROMOTING AFFORDABLE HOUSING OPPORTUNITIES, IT SEEKS TO PREVENT AND ELIMINATE BLIGHT AND FOSTER THE STABLIZATION OF COMMUNITIES THROUGHOUT NEW YORK CLLY. 0 0 590494 3000 THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF PRESERVING AND CREATING, ON A NONPROFIT BASIS, HOUSING PROJECTS FOR PERSONS OF LOW AND MODERATE INCOME. DURING THE YEAR, THE ORGANIZATION CONTINUED TO MAINTAIN AND DISPOSE OF THE PROPERTIES IN ACCORDANCE WITH FEDERAL, STATE AND CITY REGULATIONS. 590494 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 6 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X SALVATORE D'AVOLA 2125848981 150 BROADWAY 2101 NEW YORK NY 10038 BRIAN SEGEL PRESIDENT 1.00 3.00 X X 0 0 0 HAROLD SHULTZ VICE PRESIDENT 1.00 3.00 X X 0 0 0 KIMBERLY DARGA DIRECTOR 1.00 3.00 X 0 0 0 LYDIA TOM OUTGOING SECRETARY 1.00 6.00 X X 0 0 0 TATIANA PENA TREASURER 1.00 6.00 X X 0 0 0 VALERIE WHITE OUTGOING SECRETARY 1.00 6.00 X X 0 0 0 VICTORIA BARRECA SECRETARY 1.00 6.00 X X 0 0 0 RICHARD PINNER ASSISTANT SECRETARY 1.00 6.00 X 0 0 0 SALVATORE D'AVOLA ASSISTANT SECRETARY 1.00 39.00 X 0 264329 25032 0 264329 25032 0 0 1 0 0 201853 201853 STANDBY MANAGEMENT FEE 900099 3000 3000 3000 180125 180125 443639 0 443639 443639 443639 828617 3000 0 623764 166976 112776 54200 1400 1400 34485 34485 2914 2914 4371 2737 1634 19396 12146 7250 524 328 196 25139 25139 4435 2777 1658 LOAN SERVICING COSTS 433688 433688 EQUIPMENT RENTAL & REPA 1442 903 539 694770 590494 104276 0 9746776 9841808 301162 303015 3748254 2873584 13202625 14098375 26998817 27116782 38510 25612 35870 32886 74380 58498 X 11629383 11583105 15295054 15475179 26924437 27058284 26998817 27116782 133847 0 X 0 1 X 1 0 X X 2 ENTERPRISE COMMUNITY PARTNERS INC 521231931 10 1 0 0 LOCAL INITIATIVES SUPPORT CORPORATION 133030229 7 1 0 0 2 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 2914 0 0 2914 0 PART II-B, LINE 1: THE ORGANIZATION AND ITS AFFILIATE ENTITIES HAVE A FIRM ON RETAINER THAT PROVIDES GOVERNMENT RELATION ACTIVITIES ASSOCIATED WITH THE ORGANIZATIONS' AFFORDABLE HOUSING WORK. 0 RESTRICTED RESERVES 11622625 REO PROPERTIES 2225750 DEPOSITS 250000 14098375 DUE TO NEIGHBORHOOD RESTORE 32886 32886 X 828617 0 828617 0 828617 694770 0 694770 0 694770 PART X, LINE 2: PCN IS A SECTION 501(C)(3) NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXATION AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE. PCN IS ALSO EXEMPT FROM NEW YORK STATE AND NEW YORK CITY INCOME TAXES. AS OF DECEMBER 31, 2023, PCN IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE UNITED STATES FEDERAL AND NEW YORK STATE AUTHORITIES FOR ANY TAX YEAR BEFORE THE TAX YEAR ENDED DECEMBER 31, 2010. THE TAX RETURNS FOR THE YEARS ENDED DECEMBER 31, 2010 THROUGH DECEMBER 31, 2023 ARE STILL SUBJECT TO POTENTIAL AUDIT BY THE INTERNAL REVENUE SERVICE. PCN IS THE SOLE MEMBER OF PNC LLC, AND THEREFORE IS CONSIDERED A DISREGARDED ENTITY FOR FEDERAL AND STATE TAX PURPOSES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY PCN AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. 0 0 0 0 0 0 0 0 0 SALVATORE D'AVOLA ASSISTANT SECRETARY 0 264238 0 0 0 91 0 9880 0 15152 0 289361 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT. IT IS THEN REVIEWED BY THE ORGANIZATION'S GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 12C YES, BY FOLLOWING PROCEDURES OUTLINED IN THE POLICY STATEMENT. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. PNC LLC 150 BOARDWAY NEW YORK NY 10038 RE DVELOP NY 453915 8404619 PCN HDFC ENTERPRISE COMMUNITY PARTNERS INC 11000 BROKEN LAND PARKWAY 700 COLUMBIA MD 21044 521231931 AFF. 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